NEW YORK (AP) — Stocks surged on the eve of Election Day as Wall Street anticipated the benefits of a possibly divided government in Washington, though trading is likely to remain choppy in a week filled with events that could rock the market. The S&P 500 rose 1%, while the Dow Jones Industrial Average gained 1.3% and the Nasdaq Composite added 0.9%. Analysts say many investors appear to be betting that Republicans will take control of at least one house of Congress. With a divided government, gridlock is more likely than sweeping, sweeping policy changes that could upset fiscal and spending plans.
THIS IS A LAST MINUTE UPDATE. The previous AP story follows below.